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Search Results 0 to 46 of about 47 (some duplicates have been removed)
FOX News
Dec 2, 2012 11:00pm PST
, to deficit reduction. a mixture of tax increases and spending cuts. here's the plan that the republicans say you presented to them this week. >> i can tell you what i presented if it would be helpful. >> let me ask you. >> but it's our plan. why don't you let me do t why don't you let me explain it. >> well, i would like to ask you about this part of it and then anything i leave out you can tell me. 1.$6 trillion in tax increases, more than $80 billion in new stimulus spending next year, and an unspecified nonguaranteed spending cuts. question, is that your idea of balance? >> it is. let me explain what is in this plan that they didn't report to you and they didn't explain to people, which is we have proposed alongside the trillion dollars in spending cuts, we agreed with republicans last year on defense and other range ever programs, we proposed $600 billion of detailed reforms and savings to our healthcare and medicare programs. that's $600 billion. in fact, the healthcare savings in that plan are larger than the plans we've seen republicans in the past. >> is that what was in the budget?
PBS
Dec 2, 2012 6:00pm PST
simpson shared the deficit reduction commission a couple of years ago. they are both in town trying to pound a sense at into elected leaders. evan thomas has been out of town promoting his book, "ike's bluff." terrific christmas present. >> thank you. >> as i recall, we were having the same composition we are having now. >> like groundhog day. talk about bluffing -- they will be complete unreasonable until the last second where they agreed. while they are bluffing, we could go over the cliff. >> where are we headed, mark? >> one side says that raising tax rates is an example, the other side says we will not balance the budget on the backs of students and seniors without asking those who make as much as i do not to pay another diamond. we are in the chest thumping a stage of this negotiation. we are interested in the product rather than the process. the process does the fact of the product and you don't want hostilities to make the final product unreachable. >> nina, there were a bunch of c.l.'s in town saying please do something so we can plan for our future. >> the difference betwe
NBC
Nov 29, 2012 5:30pm PST
to cut the deficit. and say republicans will have to give in. >> did speaker john boehner get the message? because the message was work together. >> they're not going to openly concede on this point this far out from the deadline, but they see the handwriting on the wall. >> reporter: late today, gop sources said that they have some details about the proposal brought here from tim geithner. they say the white house is offering $1.6 trillion in tax increases over ten years, 400 billion in cuts coming later. and no new proposals dealing with entitlement reform. republicans say for them, a nonstarter. >> kelly o'donnell, another cold night on capitol hill. thank you. >>> and as this debate goes on, a memorial service in washington today for a long-time budget-cutting warrior, former senator warren rudman, and david suitor was among them, and former senator and white house chief of staff, howard baker, a republican from new hampshire who authored a bill that included automatic spending cuts way back in '85. warren rudman went on to found the coalition that pushed for reducing the deficit. sen
FOX News
Nov 29, 2012 1:00pm PST
deficit. we still have, the president still has $1 trillion plus deficit if this next fiscal year. he had it for the past four and he has it for the next four if he follows the same course. that is not a road to prosperity or job creation. or economic vitality. >>neil: i want to be clear, congressman. republicans do not appear to be on the same page on this, as republicans, are you saying your view, hiking the rates or adjusting in any way is felt universally by your colleagues? we know a couple of them have bolted from that but you are going to hold in lock step on that position? >>guest: there is a universality in our conference with 240 of us in the house of representatives so there are 240 different opinions but by and large the majority of us firmly believe raising tax rates is counterproductive and doesn't solve the problem. >>neil: always a pleasure, sir, thank you. take the money and run? not quite but quite a run of companies hiking dividends. and disney is the latest and it will probably not be the last and the calendar could be the reason because january 1, you could, taxed to
FOX News
Nov 29, 2012 7:00pm PST
is on the line. >> we've got to reduce our long-term deficit. that's also important to long-term economic growth. and we have said we need to do that in a balanced way. >> how gutless is it to blame the people who are still working in this country? >> the only reason democrats are insisting on raising rates is because raising rates on the so-called rich is liberalism. >> asking for a political price to be paid in order congress to do its job, to ensure that the united states of america pays its bills, does not default for the first time in its history is deeply irresponsible. >> how gutless is it to blame them for the problems that exist in this country? >> their interested in wealth destruction. the country doesn't need a victory lap. it needs leadership. >> president obama had said that he has pen in hand, he's prepared to sign the middle class tax cuts. >> i think it's important congress act now, i mean right now. >> they're still not paying they're fair share? the people working have to pay even more in order to cover the incompetent errors by the spenders over all these years. >> greta: for
PBS
Dec 4, 2012 12:00am PST
-war in washington, from one half of the team that produced the deficit-cutting plan republicans say is their inspiration, democrat erskine bowles. >> there are over $7 trillion worth of economic events that are going to hit america in the gut. i think impact would be really strong. if anybody thinks this is going to be a slope better wake up. >> ifill: the link between brain injury and sports, new evidence ties repeated blows to the head to long-term damage. we take a look. >> brown: ray suarez looks at the firestorm over israel's announcement it will expand settlements in the west bank. >> ifill: elizabeth brackett looks at how one chicago school is dealing with the transition to new state-wide standards. >> i really did find that the kids do understand more, and they learn more. they're more interested in what they're learning. >> brown: plus, as global carbon dioxide levels hit record highs, we analyze the increasing difficulty of combating climate change, with carol davenport of the "national journal." >> ifill: that's all ahead on tonight's newshour. major funding for the pbs n
CSPAN
Nov 30, 2012 7:00am EST
't really think that social security has really ever been a cause of the deficit. there's more funds coming in than there is funds being sent out in checks. and this whole security tax is a separate tax from the federal tax. and -- host: so this proposal includes the extension of the payroll tax cut. what do you think of that proposal? >> i think that's fine. i think extending the payroll tax is probably something we're going to have to look at doing. but when they start talking about using social security money, that botters me, because social security is never needed -- has never needed federal dollars before to fund the program. host: ok. off of twitter this is reding who says they have not offered a deficit reduction plan. republican big pledges tax reform and closing unspecified tax loopholes. arthur, good morning. go ahead. what do you think about the proposedal? caller: i think the proposal is kind of ludacris. but i really think that the republicans should back away. they should take their people, stand back and let the democrats have their way and let them do what they want to do
CSPAN
Nov 30, 2012 1:00am EST
. it is social deficits, executive function issues -- they can be put to work. if i may backtrack, because again we have heard about prevalence rates and the confusion of where these numbers come from. not once have i heard today the fact that the dsm iv, which constructs the criteria of who deserves a diagnosis, not once has anybody said that one of the reasons for expanding diagnosis was the expanding criteria to what needs a diagnosis. first off, the inclusion of asperger's, in 1994 opened up the book to a plethora of people including myself who never before would have qualified for an autism spectrum disorder, but even for traditional audits and the definition was changed. i may get these numbers wrong, but in the old book it was six mandatory criteria for a diagnosis of autism. if you got five but not six, back in those days it was mental retardation. now i believe it is eight optional out of a field of 16 possible criteria. that blows those numbers out of the water. >> i see my time is up. >> do you want to be recognized for a minute? mr. blaxill has a quick comment to be made? >> on the s
CNN
Nov 29, 2012 4:00pm PST
to work, a lot of the deficit goes away. >> didn't they say that last time? >> i didn't vote for that and the word stimulus is totally discredited. it did not -- 7% of that bill was investment and infrastructure. 42% was tax cuts. we've been trying tax cuts for more than a decade. they don't put people back to work. real investment does. we have report after report, economist after economist, real investment will put millions of people back to work. >> right. those were tax cuts of the vast middle in this country. what you want to extend and the republicans. i'm still confused. if the president wants $1.6 trillion in revenue and is going to do his math, that's $3 trillion in cuts. why only put 400 billion out? >> well, he's probably leaving himself a little room to negotiate. >> a little. >> is reasonable on medicare. if he just started negotiating lower drug prices, that saves medicare $230 billion over ten years. and then you deal with some of these high cost private insurance plans under medicare and a couple of other minor changes that won't hurt average american, won't m
FOX Business
Nov 29, 2012 5:00pm EST
rates for millionaires. are you kidding me? this will not make a dent in the deficit. here to disagree with me is christian dorsey from the economic policy institute. christian, thank you so much for coming back to the show. you are always a spirited debate partner. tell me why you like this. >> i'll tell you, melissa, to me this is not so much about the revenue that it would raise but about the message and principle it stand for, that we can't in this country have a situation where people are making millions of dollars effectively paying lower tax rates than america's middle class families. the principle of this, of this rule is actually what's most important. the revenue that it raises, it is important because it is not chump change but it is not in of itself going to change our deficit conversation but the principle is one that is extremely important. liz: but you're talking about wealthier people. well thinker people pay a higher average tax rate. everybody pulls out the stat that they want to look at. if you look at average tax rate of the top 1%, it is 23%, almost 24%. i mean, th
PBS
Dec 3, 2012 3:00pm PST
-author of a deficit reduction plan that neither side has previously embraced. i spoke with him a short time ago. erskine bowles, thank you so much for joining you. late this afternoon john boehner, the house speaker, sent a letter to the white house in which he said he needed to find different middle ground on this fiscal cliff issue. he particularly cited your report which he described as providing imperfect but fair middle ground as a way of breaking this political stalemate. he's saying only the president would adopt your approach that maybe this stalemate could be broken. what do you think about that? >> (laughing) well, i haven't seen the letter, as i think you know. it's nice that the speaker would give me some credit for trying to do that. but what he is referring to is when i testified before the super committee, i tried to show these guys that if they truly wanted to ghettoing that they could ghettoing at that time. and basically as an example on discretionary spending they were talking about cuts between $200-$400 billion. look, ghettoing on $300 billion. on health care between $500 b
KCSMMHZ
Nov 30, 2012 2:30pm PST
fund, and the money appears to have helped. the government was able to sink its annual deficit from 32% to 8.5% of gdp, and it is paying much lower interest on government bonds, and the irish economy is growing. only unemployment remains stubbornly high. in october, the jobless rate was still above the eurozone average at 14.7%, but in countries hard hit by the euro crisis, there were even more people out of work, and an increase, and employment is one of 25%. in spain, 26% were one in two young people is out of work. things are not quite that grim in italy, but more and more young people are looking for work. the youth unemployment rate is 36%, the highest since june 2004. >> we have to take a short break, but when we come back, december 1 is world aids day. we will be taking a look at the problem of hiv/aids. >> and what is germany going to do with all its nuclear waste? stay with us for that. >> thanks for staying with us. >> welcome back. one of the consequences of the breakdown of public services in the wake of the economic crisis in greece is a sharp spike up people they're infec
CSPAN
Nov 29, 2012 1:00pm EST
prosperity for america, helps reduce our budget deficit, is humane, is enforceable, no one said it would be easy but that's what the people send us hoar to do and regardless of the outcome of this particular bill, we are simply taking another week in avoiding addressing the real issues of the imdepration crisis in this country. i encourage my colleagues to vote against the rule which was a closed process and doesn't allow for consideration of even noncontroversial amendments such as my ev-5 amendment. and i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from florida. mr. nugent: mr. speaker, and to my good friend from colorado, we agree on so many issues. particularly as it relates to immigration reform. we agree. i think this is the first step in regards to where we need to go. you have sold a very persuasive argument in regards to why it is so important so important that we have a stem vee is program. -- visa program. while it's important to us to keep that brainpower we educated in the united states, keep them here in this country
CNN
Nov 29, 2012 2:00am PST
a balanced approach to deficit reduction that doesn't hurt the economy and doesn't hurt middle class families. if we agree that we should not raise taxes on middle class families, let's begin our work with where we agree. >> of course there are some lawmakers who are not that optimistic. they don't think there's enough time between now and the end of the year to get a deal done. nonetheless the president will continue pushing his message. he heads to pennsylvania tomorrow. he will go to a manufacturing plant where he will continue talking about extending the middle class tax cuts, not extending them for the upper class americans. in the meantime, there's pushback from republicans who are saying the president should not be out the road campaigning but back here in washington negotiating. >> dan, i will ask you to look into your crystal ball. president obama is meeting with mitt romney later today. do you have any idea what they plan to discuss? >> you know, there's a lot of speculation about governor romney playing a role in the administration. but the president himself, during his victory spe
CNN
Nov 29, 2012 6:00pm PST
for 98% of all americans. we have put down our down payment towards deficit reduction by saying that we believe that $1 trillion or so over the next decade of those tax cuts above and beyond a quarter of a million dollars can go to deficit reduction. our republican colleagues need to say specifically what they want to cut. when they say entitlements, entitlements is medicare and medicaid. what do you want to do about medicare and medicaid? put it on the table, let us know. let the american people know. then we can ultimately come to a conclusion and maybe have that celebration you're looking for, piers. >> senator menendez, good to talk to you. thank you very much. >> thank you. >>> when we come back, i talk to leaders on both sides of the palestinian debate. do they think today's vote threatens the peace process? my doctor told me calcium is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. without freshly-made pasta. you could also cut corners by making it wit
CNN
Nov 29, 2012 9:00pm PST
deficit reduction by saying that we believe that $1 trillion or so over the next decade of those tax cuts above and beyond a quarter of a million dollars can go to deficit reduction. our republican colleagues need to say specifically what they want to cut. when they say entitlements, entitlements is medicare and medicaid. what do you want to do about medicare and medicaid? put it on the table, let us know. let the american people know. then we can ultimately come to a conclusion and maybe have that celebration you're looking for, piers. >> senator menendez, good to talk to you. thank you very much. >> thank you. >>> when we come back, i talk to leaders on both sides of the palestinian debate. do they think today's vote threatens the peace process? [ nurse ] i'm a hospice nurse. britta olsen is my patient. i spend long hours with her checking her heart rate, administering her medication, and just making her comfortable. one night britta told me about a tradition in denmark, "when a person dies," she said, "someone must open the window so the soul can depart." i smiled and squeezed her hand
MSNBC
Nov 29, 2012 11:00am PST
out sensible spending cuts that must be part of any significant agreement that will reduce our deficit. >> the president has put forward in september of 2011 with his proposal to the so-called super committee and his budget of february of 2011 very specific spending cuts, including savings from health care entitlement programs. >> so one of the issues is, when you talk specifics and they become part of the public conversation, it's very easy for those things to get derailed in the time available where all the sides sort of clamber and attack some of the specifics. both parties have an interest in keeping some of this close to the vest. what we're hearing from senate democrats today is they believe that the election suggests that the public really wants those higher rates for the higher earners in terms of taxes. senator reid and other democrats don't want to talk about specific cuts or entitlement reforms publicly. everyone saying they don't want to negotiate from the podium. but everyone is aware it's the end of november. there isn't a lot of time left. and how quickly and how peacefu
PBS
Nov 29, 2012 12:00am PST
in any deficit deal. >> as for social security, the only thing we hear from why in the world wouldn't they want to talk about the fact that this vital program started spending out more than it took in 2010, for the first time in nearly 30 years and that its trustees now estimate that it will keep spending more than it takes it in for 75 years unless we strengthen it. >> brown: majority whip dick durbin answered that social security isn't the issue; it's medicare and medicaid. >> social security does not add one penny to the deficit. it's an important program, a critical program. let's take care of it in the future. let's do it separate from the debt debate. medicare is another story. medicare has 12 years of life left and let me make a point of saying it has eight of those years because of president obama's leadership. >> brown: white house officials said the president will send treasury secretary timothy geithner and legislative chief rob nabors to the capitol tomorrow, to meet with congressional leaders. >> warner: online, we have a primer explaining how the fiscal cliff might aff
CNN
Nov 30, 2012 2:00am PST
that resulted in this enormous deficit, because in the 199os, we had a $5.6 trillion surplus. what the president is trying to do is to give relief to working people, and as well provide revenue to continue to support the needs of this nation. such as mayor bloomberg, who's just come to washington and asked for an enormous amount of money, rightly so, to help those who've been victims of hurricane sandy. so the president is not in any way suggesting that he's not willing to negotiate. he asked the questions, when are the republicans going to be considerate of those who get up every day and work? or those who need medicare or social security and medicaid? that is what the bottom line is for the president and for democrats, to protect benefits in a reasonable manner, and to ensure that we have the revenue to bring down the deficit and to continue to operate in the needs of the american people. >> i'd like to talk about those entitlement programs because i know that this is very near and dear to your heart. the lion's share of the $400 billion in cuts are expected to come from medicare and possibly
CNN
Nov 30, 2012 1:00pm PST
of americans, democrats, republicans, independents, they agreed with a balanced approach to deficit reduction and making sure that middle class taxes don't go up. folks agreed to that. now, the good news is we're starting to see a few republicans coming around to it too. >> jessica yellin at the white house, how much of this is kabooki dance? >> reporter: the real issue is, again, over raising tax rates. that is where both sides are feeling each other out. and the white house is adamant that they will not budge on this issue. and the bottom line is house republicans say that that's a no-go for them, joe. and so the question is, will house republicans come around on raising tax rates? you know, right now they say they're not going to move on it. so the white house is sort of holding back and waiting to see if house republicans move on that one issue. and right now they are very far apart because there's no giff on that. on the entitlements question, the white house does have to go further than they've gone. they have been willing to give some, but they have to go further. and the white house i
CBS
Nov 29, 2012 5:30pm PST
. congressional republicans called it an insulting joke. here's the big picture-- $4 trillion of deficit reduction over the next 10 years. it includes $1.6 trillion in higher taxes on households make manage more than $250,000. there's also $400 billion in cuts to entitlement programs, like medicaid and medicare, as well as others. there is also fresh new aending. $50 billion next year in stimulus spending, all for infrastructure. the white house calls this an opening bid. house republicans call it a rehash of old ideas and also object to the idea of a white house asking a permanent legislative remedy to raising the debt ceiling, all of it, the republicans say rather, is unacceptable. now much of this was conveyed in a 28-minute phone conversation yesterday between president obama and house speaker john boehner. both sides describe that conversation, scott, as direct and candid. those are words custom early reserved for diplomacy between sworn adversaries and tonight that might be where we are. >> pelley: major, thanks very much. now, have a look at these two pictures. president obama and mitt romn
MSNBC
Nov 30, 2012 2:00am PST
that if they couldn't compromise on a deficit and revenue plan, our economy would crash. turns out they couldn't compromise. so here's what they did. in order to force themselves to work together and compromise, they concocted a catastrophic penalty that would itself crash our economy. put it another way. if there was an asteroid headed towards the earth, we made it and fired it at ourselves. because otherwise we would never have done the hard work required to protect ourselves from asteroids. >> see, that's one way of looking at it. yes. >>> halle berry's thanksgiving day drama seems to be winding down. progress has been made regarding the holiday fistfight between hallry berry's ex-boyfriend, gabriel aubry, and her current fiance. in a statement, berry's lawyer said she and aubrey have reached an amicable agreement. berry had a restraining order put into effect after that fight to keep aubrey from seeing their 4-year-old daughter. >>> so lindsay lohan, she's done it again, arrested thursday for allegedly punching a woman in the face in a new york city fig nightclub. the woman was visiting fr
MSNBC
Nov 30, 2012 2:30am PST
into the deficit with two minutes left. he throws behind the receiver and moore is there again for another pick. five interceptions on the night for brees, the first time he's ever had five interceptions in a game. his nfl record streak of 54 consecutive games with a touchdown pass also came to an end in this one as the falcons win, 23-13. they can now clinch the division title this weekend if the bucs lose to the broncos. >>> to college football now. louisville facing rutgers for the big east championship and a bcs bowl berth. gary nova drops back and finds brandon coleman who gets past the cardinals' secondary and goes all the way down the line -- sideline untouched for an 85-yard touchdown to give the scarlet knights an early lead. rutgers up four in the third quarter. bridgewater gives the cardinals the lead with the beautiful pass to the back of the end zone. bridgewater leads his team to the 20-17 win despite playing with a broken wrist and a sprained ankle. good lord. cardinals are going to the second-ever bcs bowl game. they lead the big east for the a.c.c. next season. >>> and mika, yo
Current
Nov 29, 2012 5:00pm PST
of deficit reduction. that's something that's going to make liberals in washington extremely happy and the whole package including this debt ceiling, getting rid of congress's authority over the debt ceiling is something -- it is just politically strong. it is going to make his voters feel emboldened. they're going to give them something to rally around instead of a discussion on numbers and how much are we going to give to entitlements. he said to his base and to his voters who just re-elected him by a reasonably handy margin, we've got something to fight for here. >> eliot: i don't want to go off on the conversation exclusively about the debt ceiling but he's right about saying to congress you pass the spending bills you pass the taxing bills therefore when we hit the debt ceiling, it is merely carrying out your own legislation. i shouldn't need to go back to you to fund the debt plus there is the constitutional argument. he's saying to john boehner i'm taking your leverage home with me. he's right about it. i d
CSPAN
Nov 29, 2012 5:00pm EST
in the u.s. senate to pass important legislation, including the grand rudman deficit law. those issues remain important today. he did not aspire to be a politician. he did not have to like one. he cared deeply. we know he cared deeply about our country and devoted himself because he had a calling to shape and preserve our country's future. he believed deeply in the rule of law and used the force of his intellect to defend it. one of the things that is most telling about warren rudman is the statement that represents what he was all about. he once said -- i consider myself an american first and a republican second, fiercely independent, and totally committed to the common good. he had the carriage of his convictions and stood for what he believed in. in bidding farewell to to the senate in 1992, he expressed gratitude for the opportunity to serve in the senate which talented colleagues. many are here today to speak about their experiences with him. he expressed his hopes for the future of the senate, saying it is a special place with special people. i hope in the coming years that the i
FOX News
Nov 30, 2012 3:00am PST
, but if the president and the congress can't get together on cutting on doing something about the deficit and doing stuff, fine let the cliff come. >> brian: but the deficit is not addressed and our defense will be gutted. you okay with that? >> i'm not okay with it. but i think the defense will just trim and get it done. listen, the guys who are in the military have operated that way for a long time. in other words they know somebody gives them something they know how to get a job done with less in many cases. they'll do it. >> brian: i don't think so. i think it will be a disas -- disaster and the military will be cut down. >> maybe the disaster would be maybe they don't understand it. now deal with it. >> brian: there is carnage until they come to the realization. thanks so much. >> thank you. >> brian: this morning you will hear from the cop who spent his hard earned cash to buy a homeless man a pair of boots and socks. and from the tourist who snapped this picture. then schools are failing. crime is rising. so why
MSNBC
Dec 1, 2012 9:00am PST
. >>> headlines making news on the west coast. the "san francisco chronicle" has a story on the deficit impasse and how it would be felt in california. the state would lose billions in funding and more than 200,000 jobs as part of the automatic cuts from the fiscal cliff. "the press telegram" in long beach, california has an article entitled "small in number, large in clout" about a strike that has slowed the nation's busiest cargo complex at the ports. they've been offered a salary boost to 195,000 with 11 weeks paid vacation. a ten-day walkout in 200002 caused $15 billion in losses. >>> the "lewiston tribune "in idaho, wanted experienced pot farmer. a washington state man seeking experts to develop a marijuana industry. possession of the drug will be legal in the state thursday. >>> now to the mystery surrounding the second winner of that massive powerball jackpot. one couple has come forward with their golden ticket. the other winner still unknown. there is, however, surveillance video showing a man who appears to be celebrating after checking the numbers on his ticket but he hasn't come for
CNN
Nov 29, 2012 1:00pm PST
-era rates. which would raise marginal tax rates on the rich from 36% to 39.6%. a real deficit reduction. 70% of the american people support that. they can't even come to terms with that. they seem to have not noticed the republicans that we did have an election. the president campaigned on this question of continuing tax cuts for the middle class but raising them back to the clinton rates -- returning to the clinton rates for the top 2%. he pledged that he would veto anything but that. and he will. so until the republicans agree to those clinton-era rates, we are going to go off the fiscal cliff. >> you know, it's interesting, ari, you'll remember this because you were the white house press secretary in 2001 and 2003 when those bush-era tax rates were approved basically by republicans, very few democrats voted to approve those bush-era tax cuts. so why not do what the republican congressman from oklahoma says, what paul just said, go ahead, declare victory. say, look, all these democrats are now on board, they support for 98% of the american people the bush-era tax rates for a long time to
MSNBC
Nov 30, 2012 7:00am PST
) savings to address the deficit. that means those 61 million hardworking americans with workplace retirement plans might not have comfortable, secure retireme retirements, after all. >> okay, that's scary. joining me, personal finance expert carmen wong ulrich. good to see you. >> good to see you. >> you look at that, and you think the sky is falling. would they really touch your 401(k), your i.r.a.? >> it sounds terrifying but i doubt this will happen. even though the top 20% of americans tend to utilize 80% of retirement savings, but the 401(k) is the middle-income way to save for retirement. and here's where they could hit you. for example, this is pre-tax money that you're saving, right? they could hit you there. this is money that you can actually grow tax free. they could hit you with that. but here's where it will hit retirees when it comes to raising taxes on income levels. in retirement when you may money out of your 401(k), it's taxed as income. i.r.a., this is where folks save outside post-tax money into retirement savings. you may lose the tax deduction there. that wil
MSNBC
Dec 1, 2012 4:00am PST
't necessarily something new. this is largely part of, you know, his past budgets and past deficit reduction plans that he's talking about. so we've seen these sort of numbers and figures before from him. >> what about the talk of cutting the mortgage deductions. that's in the president's proposal, right? >> well, part of the mortgage tax deduction is through what the president is talking about, about capping itemized deductions for top income people. so he's not talking about cutting the mortgage interest deductions specifically. what he's saying is, if you're a wealthy person, making over a certain amount of money, you're not going to be able to take as many deductions as you had in the past, and so mortgage interest deduction is one of those things that would fall under that. >> do you think some of this is vague, though, nancy? because really neither side wants to own this. >> i think what we've seen this week is a lot of political posturing. the president basically put out an opening bid, which is something that we've seen before, and now what he's waiting for is saying, okay, republica
MSNBC
Dec 2, 2012 12:00pm PST
want them to cooperate whenever possible. they, republicans will come around on the deficit, because of the economic you know, cliff that we're hanging over. i think they'll do that. i don't think there's any doubt that the republicans will cooperate on immigration reform. they've learned how important the hispanic vote is and african-american vote. >> having gotten politics out of the way, the carters promptly returned to building, a work ethic that created marie's 175-square-foot home and something jimmy and roselynn carter say they'll forever do and like most things, do together. richard lui, msnbc, haiti. >>> grover norquist, the man in the middle, may be hit be the sidelines. but what about grover norquist has made hundreds march in lockstep behind him all these years? we'll talk about it. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios tend to weigh less than those who don't. is bigger than we think ... sometimelike
CNN
Nov 29, 2012 11:00am PST
. and that is, we must ask the wealthy to pay a little more so we can get these deficit eliminated. get our debt paid down and start growing the economy again. that's not unusual or new to any of us. nobody in the country. so i think the president is sticking to what he said throughout the campaign and as i said 3 million more people voted for him than voted for the other guy. >> with that said, on taxes, if there's any chance on your side, is there any chance on your side to come down to the form of a smaller tax hike on incomes above $250,000 or would you consider keeping rate it is same at $250,000 and raising them only on higher incomes, say half a million or $1 million a year? >> i think it's all part of the negotiations. we know where the president is and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000, some say even a million. all of that is going to be negotiated. the president wants 250. if mr. boehner wants to come and offer something different, i'm sure he will do that. but the president stands at 250. which is below even where i was but h
KRON
Dec 3, 2012 4:00am PST
in overtime. bullying is a to the water at the time is by regulation as a sign was rows because deficits of 4916-13. the scene nearly avoided the second tied in three weeks. the raiders were just about as ugly as the bay area weather. this week empirically a rookie quarterback brandon wheat in through for a career 3 and 64 yds and touchdown. and the browns did just enough to set the 12th game road losing streak by beating the oakland 20-17. >> san francisco has become one of the few school districts to use this since the cost is higher than $9 million deal would still need school board approval which is scheduled for next week. >> the city of san jose says they're plastic bag then is a success. city officials say they have seen a dramatic drop in litter 0 around the city. san jose officials say their next goal is to eliminate polystyrene foam. they plan to present the city warmest to the city council in february to phase out foam boxes for large established starting in 2014 and small restaurants in 2015. >> the specific gun club may not be evicted after all the board of supervisors are e
FOX
Dec 1, 2012 7:00am PST
,200. >> they urged him to pass a law to bring down deficits. the house speaker said talks are going nowhere. >> i'm willing to move forward in good faith. our framework still stands. instead of raising tax rates we can prodice similar amount of revenue, reforming the tax code to close loopholes and lower tax rates. >> the speaker said the two sides are at a stalemate. if nothing is done hundreds of millions of dollars of tax increases and cuts will take effect january 1st. >>> thousands who will out of work in the state cad loose their unemployment in four weeks unless congress reached a deal to avoid that fiscal cliff. letters have already gone out to almost 350,000 people in danger of losing their benefits. more than 2 million nationwide could loss also be affected. >>> bay area school lunch menus are changing as part of a push to get people to eat healthier food. they have been redone to meet new nutrition guidelines president the times reports students in many bay area school distributes are getting more fruits, vegetables and whole grains and less salt. >> flu season is off to a strong sta
CSPAN
Nov 28, 2012 8:00pm EST
, this hearing is adjourned. thank you. [inaudible conversations] >>> to find out more and watch event on deficit reduction we have created a special website you can watch video from capitol hill and white house and read the tweets. that's at c-span.org/fiscalcliff. ! new a few moments we'll hear about the u.n. vote of making palestine a nonmember observer state. from a state department spokesman and from british foreign secretary william hag in about ten minutes. and after that, we'll reair the hearing on amtrak's operations. several live events to telling you about tomorrow. from london they release the report on british media practices that including phone-hacking of people in the news. .. is $50,000. almost four to with the rest costs. and the vast majority of producers who use public schools. we could take the money we spend today, every public school system and save billions of dollars per year at the same or better outcomes. >> deputy secretary of state, bill burns' special envoy met with houston and president ,-com,-com ma mahmoud abbas in new york city to discuss thursday's vote in the u
FOX News
Dec 1, 2012 3:00am PST
the rich with are not going to go to pay down the deficit. they are not going to help them. they are going to lay off 700,000 of them who won't have jobs. and the republics need to simplify the message to simply say if you think the government isn't spending enough money, then support the president. if you think that what we really need to do is stop spending away our grandchildren's future, then you better just tell the president it's time to sit down, come home to washington, stop the speeches, stop the campaigning and get serious about being president of the united states. >> governor, we are talking this morning about a school down in florida. one of probably many schools around the country that have taken down their nativity scenes. they are replacing it with a little frosty the snowman. board of education guy you are going to have problems with the church and the state the school said we don't want to have any sort of lawsuits and deal with that we will take this stuff away. rhode island, the christmas confusion there. the governor there has a problem with calling it a christmas tree
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